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EDC
ETF ticker:
NYSE ARCA
AS OF
Jul 1 closing price
Price
$36.61
Change
-$0.83 (-2.22%)
Net Assets
85.42M

EDC Price Prediction, Direxion Daily MSCI Em Mkts Bull 3X ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

EDC sees MACD Histogram just turned negative

EDC saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on July 01, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In 46 of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EDC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where EDC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on July 01, 2022. You may want to consider a long position or call options on EDC as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EDC advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .

EDC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 239 cases where EDC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
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published price charts
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published Highlights

Industry description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the MSCI Emerging Markets IndexSM. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, exchange-traded funds ("ETFs") that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is designed to represent the performance of large- and mid-capitalization securities across 24 emerging market countries. The fund is non-diversified.
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published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/

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EDC and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, EDC has been closely correlated with TQQQ. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if EDC jumps, then TQQQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EDC
1D Price
Change %
EDC100%
-2.24%
TQQQ - EDC
67%
Closely correlated
+1.62%
QLD - EDC
67%
Closely correlated
+1.30%
SPXL - EDC
67%
Closely correlated
+3.17%
SSO - EDC
67%
Closely correlated
+2.09%
SOXL - EDC
65%
Loosely correlated
-11.45%